Merchant Moe PriceMOE

What is Merchant Moe (MOE)?

Merchant Moe (MOE) is a decentralized exchange (DEX) native to the Mantle Network, positioned as a trader's oasis in the bustling world of DeFi. It is described as the cornerstone DEX for Mantle Network, offering seamless trading, discretized liquidity, and real yield within an intuitive platform. Built with the same robust technology as LFJ Dex, Merchant Moe is a purpose-built DEX tailored specifically to serve the Mantle Ecosystem. The platform is backed by an investment from the Mantle EcoFund and operates under a deep liquidity and growth partnership with the Mantle Foundation. Its vision is to become the liquidity hub at the center of Mantle's innovative ecosystem, making DeFi accessible to anyone and everyone. The platform supports Trade, Pool, Farms, Stake, and Vote functions. MOE is the governance token of the protocol, with a maximum supply of 500 million tokens. Merchant Moe launched in 2024, with a Yahoo Finance start date of December 26, 2023, and CoinGecko listing the Merchant Moe Liquidity Book (Mantle) exchange as established in 2023.

Key Specifications & Tokenomics

• Name: Merchant Moe
• Ticker/Symbol: MOE
• Blockchain/Platform: Mantle Network
• Category: Decentralized Exchange (DEX), DeFi
• Consensus: Automated Market Maker (AMM) with Liquidity Book protocol
• Smart Contracts: Fork of Uniswap v2 with modifications; Solidity version 0.8.20
• Max Supply: 500,000,000 MOE
• Total Supply: 446.46M (per DefiLlama); 446.416M (per CoinGecko)
• Circulating Supply: 185.12M (per DefiLlama)
• Current Supply: 350,404,152 (per Yahoo Finance and Coinbase)
• Token Distribution: 15% seed investors, 15% future investors, 15% team, 2.5% Joe stakers airdrop, 5% Joe stakers over 1 year, 30% liquidity mining incentives over 4 years, 17.5% treasury over 4 years
• Vesting: Vesting contracts start 8 months after TGE and vest linearly over 40 months, with a 4-month cliff preventing withdrawals before the first year
• Official Website: https://merchantmoe.com
• Documentation: https://docs.merchantmoe.com
• Twitter/X: https://twitter.com/merchantmoe_xyz
• GitHub: https://github.com/merchant-moe/moe-core
• Headquarters: Singapore, Singapore
• Company Type: Private company
• Founded: 2024

Who created Merchant Moe?

Merchant Moe was co-founded by 0xMurloc, who has publicly expressed enthusiasm for the Mantle Network partnership. In a statement, 0xMurloc noted that Mantle Network is building a truly novel DeFi ecosystem with building blocks like RWAs and LSTs creating a chain primed for innovation, and that Merchant Moe will fit right in by bringing a top-tier DEX experience and becoming the liquidity hub for these DeFi offerings. Edmund Chua, an ecosystem researcher at Mantle, has also commented on the partnership, emphasizing Mantle's DeFi strategy focused on augmenting native yield capabilities with deep liquidity. Merchant Moe is described as Trader Joe's notable decentralized exchange business and a Trader Joe Franchise. Detailed public information about the full core team is currently limited.

How does Merchant Moe work?

Merchant Moe operates on robust smart contracts and uses an Automated Market Maker (AMM) model. Its core technology is the Liquidity Book protocol, described as a first in the market that redefines concentrated liquidity market makers. This novel approach diverges from traditional AMMs, offering a more nuanced and efficient method for capital deployment and fee generation, refining the token trading experience and enhancing capital efficiency. The DEX contracts are a fork of Uniswap v2 with key modifications: the Solidity version was bumped from 0.5.16 to 0.8.20; pairs are deployed as immutable clones instead of redeploying entire pairs, greatly reducing gas costs for creating pairs; and instead of minting protocol fees as LP tokens, fees are directly sent to the feeTo address, reducing gas costs for SMoe conversion and increasing rewards by summing fees from all pairs. The protocol includes several contracts: Moe (governance token), MasterChef (distributes liquidity mining rewards), MasterChefRewarder (extra rewards), MoeStaking (staking for veMOE and sMoe rewards), StableMoe (distributes protocol fees to MOE stakers), VeMoe (vesting escrow for voting), VeMoeRewarder (bribe rewards), and BaseRewarder. Users can stake LP tokens to earn MOE rewards, with rewards distributed based on votes in the VeMoe contract.

What makes Merchant Moe unique and valuable?

Merchant Moe distinguishes itself through several key features. It is the native DEX purpose-built for the Mantle Network, backed by the Mantle EcoFund and supported by a deep liquidity and growth partnership with the Mantle Foundation. The platform introduces the Liquidity Book protocol, a concentrated liquidity platform that enhances capital efficiency and refines token trading. Merchant Moe offers real yield derived from protocol fees, with MOE holders privy to this yield and wielding voting power to shape the platform's liquidity landscape. The innovative gauge voting and bribe system allows anyone to create a bribe pool to incentivize voting, empowering users to earn additional yield. The platform is described as an Exchange Without Borders, operating on decentralized network principles with robust smart contracts ensuring users have complete control over their assets and trades, accessible globally around the clock. As a celebrated Mantle Showcase project, Merchant Moe aligns with the Mantle community's vision and is positioned as the central trading and liquidity hub in the Mantle Ecosystem.

What is Merchant Moe used for?

MOE is the governance and utility token of the Merchant Moe ecosystem. Staking MOE tokens earns yield via sMOE, with sMOE distributions currently shared as MOE buybacks. MOE holders have access to real yield derived from protocol fees and wield voting power to shape the platform's liquidity landscape. The token is used for gauge voting and bribes, with veMOE tokens received from staking MOE being non-transferable and used to vote on pools to increase their weight. The platform itself offers multiple functions: Swap Tokens for swift trades with fair prices through the AMM; Passive Income by staking tokens in various liquidity pools to collect a share of trading fees; Bonus Rewards through partnerships with ecosystem allies offering additional tokens as rewards for liquidity; Farms for MOE rewards; Gauge Voting and Bribes; Stake; and Vote. Users can stake LP tokens in farms to earn MOE rewards, and MOE stakers receive veMOE tokens to participate in governance and earn rewards from sMoe and bribes.

How Is the Merchant Moe ecosystem developing?

The Merchant Moe ecosystem is developing through strategic partnerships and platform features. On December 26, 2023, a Mantle blog post announced Trader Joe Franchise Merchant Moe as Liquidity Hub on Mantle. On January 16, 2024, Merchant Moe announced a strategic alliance with Mantle, a DAO-led web3 ecosystem, utilizing the Mantle Liquid Staking Protocol (LSP) and the Ethereum layer 2 Mantle Network. Key features unveiled at launch include V1 AMM, MOE airdrop for JOE stakers, JOE Bridge to Mantle, JOE staking on Merchant Moe, MOE Farms, Gauge Voting & Bribes, and the Liquidity Book concentrated liquidity platform. The platform has 7 coins and 14 trading pairs available on the Merchant Moe Liquidity Book (Mantle) exchange. Merchant Moe currently has $13.4 million in total value locked, with TVL increasing 11.1% over the past 30 days. The ecosystem encompasses the Ethereum layer 2 Mantle Network, Mantle Governance DAO, Mantle Treasury, and Mantle LSP. Community engagement is encouraged through the Merchant Moe Discord Server.

How to mine Merchant Moe?

Merchant Moe does not use traditional mining. Instead, participants can earn MOE tokens through liquidity mining incentives. The MasterChef contract is the only contract that can mint MOE tokens and is used to distribute liquidity mining rewards to farms. Users can stake their LP tokens to earn MOE rewards, with rewards distributed based on votes in the VeMoe contract. Admins can open farms, update the MOE per second, add extra rewarders to farms, and update the treasury address. The MasterChefRewarder contract distributes extra rewards to farms on top of MasterChef, with admins able to set start, end, and extra reward per second. MOE staking is available through the MoeStaking contract, where users stake MOE tokens to receive veMOE tokens and rewards from sMoe. The StableMoe contract distributes protocol fees from the DEX to MOE stakers, converting them to a single reward token and distributing to stakers. The token distribution allocates 30% to liquidity mining incentives over 4 years and 17.5% to the treasury over 4 years.

How to keep your Merchant Moe Coin safe?

Merchant Moe operates on the principles of a decentralized network, with the platform built on robust smart contracts ensuring users have complete control over their assets and trades. To keep MOE tokens safe, users should store them in a decentralized wallet on the Mantle Network, as Merchant Moe is accessible globally around the clock. Since the platform is decentralized, users are responsible for their own security. Best practices include using hardware wallets for significant holdings, safeguarding private keys and seed phrases, verifying contract addresses before interacting with them, and being cautious of phishing attempts. The platform's robust smart contracts and decentralized nature mean that users maintain complete control over their assets. The documentation provides guidance on getting started, including converting fiat currency into crypto through major exchanges, transferring it to a decentralized wallet on Mantle, and joining the Merchant Moe Discord Server for community support and updates.